Paying For College How much? Profit vs. Non Profit Schools

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Presentation transcript:

Paying For College How much? Profit vs. Non Profit Schools WUE eligible Colleges Merit Scholarships The FAFSA Student Loans Outside Scholarship Hunting and programs Your College List

I’m ready, just tell me how much…. IN State Universities Other Post Secondary Choices Arizona State University (Example) (In State) Tuition : $10,370 Housing: $7,800 Meal Plan: $4,600 Books & Supplies: $1,300 Total $24,070 NAU $21,308 U of A $23,900 GCU $32,010 Stanford $50,703 Princeton $51,870 USC $54,173 Glendale CC $ 2,610 ($13,545 with room and board) DeVry $15,835 ($33,248 with room and board)

Non-Profit VS For-profit Colleges Cost: For profit colleges typically cost $4,000 - $7,000 more than non-profit colleges. Where does the money go?: 2016 study shows, for-profits spent $3,948 per student for instructional costs, non-profits spent & $17,567 per student. Admission and Accreditation: Non profit have more extensive admissions and accreditation is typically regional and national. For profit is open admission with diploma or GED and can have both regional and national accreditation, but be sure to check before beginning program.

Out of state experience without the out of state cost: WUE

Cost of WUE Schools University of Alaska $9,540 Cal Poly (Pomona) $8,613 Cal State Schools Colorado State $17,964 Univ of Hawaii $10,908 Boise State $7,889 UNLV $10,080 New Mexico State $8,856 New Mexico Univ $8,127 Univ of North Dakota $10,836 Western Oregon U $11,610 Portland State $11,543 Univ of South Dakota $10,815 South Dakota State University of Utah $11,996 Utah State $9,515 Weber State $7,338 Washington State $15,445 West Washington U $10,715 Univ of Wyoming $6,030

Merit Scholarships $10,000 President’s Scholar 3.8 GPA 30 ACT $8,000 Provost’s Scholar 3.7 GPA 27 ACT $6,000 Dean’s Scholar 3.4 GPA 26 ACT $4,000 University Scholar 3.3 GPA 25 ACT $2,000 Academic Scholar 3.0 GPA 24 ACT $9,750 Chancellor 4.0 GPA (unweighted) $7,750 President 3.9 GPA 31 ACT / 1410 SAT $6,750 Provost 3.7 GPA 27 ACT / 1295 SAT $5,750 Dean 3.5 GPA 24 ACT / 1170 SAT $4,750 Faculty 3.3 GPA 22 ACT / 1130 SAT $3,750 Antelpoe 3.0 GPA 19 ACT / 1000 SAT Wildcat Excellence Awards ACT 30 / 1390 SAT with 3.75 GPA $10,000-$12,000, with 3.25 GPA $8,000, with 3.0 GPA $6,000 ACT 26 / 1240 SAT with 3.75 GPA $8,000-$10,000, with 3.25 GPA $6,000, with 3.0 GPA $3,500 ACT 22 / 1100 SAT with 3.75 GPA $6,000 - $8,000, with 3.25 GPA $4,000, with 3.0 GPA $2,000 Full Tuition for Lumberjack Scholarship all A’s or B’s in core classes with a 3.5 GPA $6,000 President’s 3.5 GPA Test scores vary $3,500 Dean’s 3.25 GPA Test scores vary $2,500 Merit 3.0 GPA Test scores vary

FAFSA Free Application For Financial Aid Is now available starting October 1st of student’s senior year More Factors than just parent income Free Federal money AND Subsidized loans at low interest

Don’t Fear the FAFSA

Student Loans National Student Loan Debt Average is $37,172 ($24,000 in Arizona) FAFSA sets up your federal loans through the government with the rate set at 5.05% Private loans may be much higher and less flexible. Subsidized vs Unsubsidized Loans Subsidized Loan: Department of Education pays the interest on the loan while in school. Unsubsidized Loan: Interest accrues and can be paid or added to the principal loan amount that needs to be paid after graduating. Be wary of high interest private student loans, no grace periods, and predatory companies.

Scholarship Hunting Start Early (New part time job) Organization: Essays, Recommendations, Accomplishments, Community Service Start Local (Your University Web Site)and work outwards The more specific the better (Don’t ignore the smaller amounts) Never pay for scholarship information Set yourself apart Helpful AZ Sites https://www.azfoundation.org/ https://www.phoenixpubliclibrary.org/collegedepot/Pages/default.aspx https://azcis.intocareers.org/materials/portal/home.html

These are micro scholarships that can add up to a lot of money!!! **the money you earn cannot be stacked with the merit based scholarship offered from the university Who is a good candidate for this scholarship opportunity?

Earn To Learn WWW.earntolearn.org Student must be Pell Grant eligible Take Pre application personal finance class and continue financial training of 10 hours per year. Earn and save money throughout the period and the college will match 8:1 in savings. Can earn/be awarded a total of $4,000 per year!!!

Scholarship Matrix Deadline Amount Website Contact Info Region Type Date Submitted E-Waste 4/30/19 $1,000 Digitalresponsibilty.org/ Scarterdr@edu.net National Essay 4/15/19

Cost of college list options College: Utah State My Tuition: $9,515 Room & Board: $6,060 Books & Supplies: $824 Other: $3,840 - Merit Scholarship N/A - Federal Aid $6,000 - Other $2,500 Total: $11,739 www.collegedata.com Enter College Click the College Click “Money Matters” Enter information for 4 of your college choices. Create an account to use the “College Chances” feature. ** WUE Schools: https://www.wiche.edu/wue